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3M（MMM）与Pure Storage, Inc.（PSTG）财务数据对比。点击上方公司名可切换其他公司
3M的季度营收约是Pure Storage, Inc.的6.3倍（$6.0B vs $964.5M）。3M净利率更高（10.8% vs 5.7%，领先5.1%）。Pure Storage, Inc.同比增速更快（16.0% vs 1.3%）。3M自由现金流更多（$2.0B vs $52.6M）。过去两年Pure Storage, Inc.的营收复合增速更高（10.5% vs -1.8%）
3M是美国知名跨国综合企业，业务覆盖工业、劳动者安全防护、消费品等多个领域，总部位于圣保罗郊区的枫木市。公司现有超6万款产品，涵盖胶粘剂、研磨材料、防火防护产品、个人防护装备、窗膜、车漆保护膜、电子连接绝缘材料、汽车养护产品、光学膜等品类。
Pure Storage是美国上市科技企业，总部位于加利福尼亚州圣克拉拉，成立于2009年，2011年正式推出自研全闪存数据存储软硬件产品，2015年上市前累计获得超4.7亿美元风险投资，营收长期保持高速增长态势。
MMM vs PSTG — 直观对比
营收规模更大
MMM
是对方的6.3倍
$964.5M
营收增速更快
PSTG
高出14.7%
1.3%
净利率更高
MMM
高出5.1%
5.7%
自由现金流更多
MMM
多$2.0B
$52.6M
两年增速更快
PSTG
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $964.5M |
| 净利润 | $653.0M | $54.8M |
| 毛利率 | 40.7% | 72.3% |
| 营业利润率 | 23.2% | 5.6% |
| 净利率 | 10.8% | 5.7% |
| 营收同比 | 1.3% | 16.0% |
| 净利润同比 | -41.5% | -13.9% |
| 每股收益（稀释后） | $1.23 | $0.16 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MMMPSTG
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $964.5M | ||
| Q3 25 | $6.5B | $861.0M | ||
| Q2 25 | $6.3B | $778.5M | ||
| Q1 25 | $6.0B | $879.8M | ||
| Q4 24 | $6.0B | $831.1M | ||
| Q3 24 | $6.3B | $763.8M | ||
| Q2 24 | $6.3B | $693.5M |
净利润MMMPSTG
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $54.8M | ||
| Q3 25 | $834.0M | $47.1M | ||
| Q2 25 | $723.0M | $-14.0M | ||
| Q1 25 | $1.1B | $42.4M | ||
| Q4 24 | $728.0M | $63.6M | ||
| Q3 24 | $1.4B | $35.7M | ||
| Q2 24 | $1.1B | $-35.0M |
毛利率MMMPSTG
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 72.3% | ||
| Q3 25 | 41.8% | 70.2% | ||
| Q2 25 | 42.5% | 68.9% | ||
| Q1 25 | 41.6% | 67.5% | ||
| Q4 24 | 51.7% | 70.1% | ||
| Q3 24 | 42.1% | 70.7% | ||
| Q2 24 | 42.9% | 71.5% |
营业利润率MMMPSTG
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 5.6% | ||
| Q3 25 | 22.2% | 0.6% | ||
| Q2 25 | 18.0% | -4.0% | ||
| Q1 25 | 20.9% | 4.8% | ||
| Q4 24 | 12.2% | 7.2% | ||
| Q3 24 | 20.9% | 3.3% | ||
| Q2 24 | 20.3% | -6.0% |
净利率MMMPSTG
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 5.7% | ||
| Q3 25 | 12.8% | 5.5% | ||
| Q2 25 | 11.4% | -1.8% | ||
| Q1 25 | 18.7% | 4.8% | ||
| Q4 24 | 12.1% | 7.7% | ||
| Q3 24 | 21.8% | 4.7% | ||
| Q2 24 | 18.3% | -5.0% |
每股收益（稀释后）MMMPSTG
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $0.16 | ||
| Q3 25 | $1.55 | $0.14 | ||
| Q2 25 | $1.34 | $-0.04 | ||
| Q1 25 | $2.04 | $0.13 | ||
| Q4 24 | $1.33 | $0.19 | ||
| Q3 24 | $2.48 | $0.10 | ||
| Q2 24 | $2.07 | $-0.11 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $3.7B | $852.8M |
| 总债务越低越好 | $10.9B | — |
| 股东权益账面价值 | $3.3B | $1.4B |
| 总资产 | $35.4B | $4.2B |
| 负债/权益比越低杠杆越低 | 3.29× | — |
8季度趋势，按日历期对齐
现金及短期投资MMMPSTG
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $852.8M | ||
| Q3 25 | — | $887.8M | ||
| Q2 25 | — | $739.3M | ||
| Q1 25 | — | $723.6M | ||
| Q4 24 | — | $894.6M | ||
| Q3 24 | — | $965.0M | ||
| Q2 24 | — | $900.6M |
总债务MMMPSTG
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | — | ||
| Q3 25 | $12.6B | — | ||
| Q2 25 | $13.1B | — | ||
| Q1 25 | $13.5B | — | ||
| Q4 24 | $13.0B | — | ||
| Q3 24 | $13.2B | — | ||
| Q2 24 | $13.1B | — |
股东权益MMMPSTG
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $1.4B | ||
| Q3 25 | $4.6B | $1.3B | ||
| Q2 25 | $4.3B | $1.2B | ||
| Q1 25 | $4.5B | $1.3B | ||
| Q4 24 | $3.8B | $1.4B | ||
| Q3 24 | $4.6B | $1.5B | ||
| Q2 24 | $3.9B | $1.4B |
总资产MMMPSTG
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $4.2B | ||
| Q3 25 | $37.6B | $4.0B | ||
| Q2 25 | $38.0B | $3.8B | ||
| Q1 25 | $40.0B | $4.0B | ||
| Q4 24 | $39.9B | $3.9B | ||
| Q3 24 | $40.9B | $3.8B | ||
| Q2 24 | $43.4B | $3.6B |
负债/权益比MMMPSTG
| Q1 26 | 3.29× | — | ||
| Q4 25 | 2.68× | — | ||
| Q3 25 | 2.72× | — | ||
| Q2 25 | 3.06× | — | ||
| Q1 25 | 3.02× | — | ||
| Q4 24 | 3.40× | — | ||
| Q3 24 | 2.84× | — | ||
| Q2 24 | 3.34× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $116.0M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $52.6M |
| 自由现金流率自由现金流/营收 | 33.6% | 5.5% |
| 资本支出强度资本支出/营收 | — | 6.6% |
| 现金转化率经营现金流/净利润 | — | 2.12× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $566.7M |
8季度趋势，按日历期对齐
经营现金流MMMPSTG
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $116.0M | ||
| Q3 25 | $1.8B | $212.2M | ||
| Q2 25 | $-954.0M | $283.9M | ||
| Q1 25 | $-79.0M | $208.5M | ||
| Q4 24 | $1.8B | $97.0M | ||
| Q3 24 | $-1.8B | $226.6M | ||
| Q2 24 | $1.0B | $221.5M |
自由现金流MMMPSTG
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $52.6M | ||
| Q3 25 | $1.5B | $150.1M | ||
| Q2 25 | $-1.2B | $211.6M | ||
| Q1 25 | $-315.0M | $152.4M | ||
| Q4 24 | $1.5B | $35.2M | ||
| Q3 24 | $-2.0B | $166.6M | ||
| Q2 24 | $752.0M | $172.7M |
自由现金流率MMMPSTG
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 5.5% | ||
| Q3 25 | 23.6% | 17.4% | ||
| Q2 25 | -18.3% | 27.2% | ||
| Q1 25 | -5.3% | 17.3% | ||
| Q4 24 | 25.4% | 4.2% | ||
| Q3 24 | -32.3% | 21.8% | ||
| Q2 24 | 12.0% | 24.9% |
资本支出强度MMMPSTG
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 6.6% | ||
| Q3 25 | 3.3% | 7.2% | ||
| Q2 25 | 3.3% | 9.3% | ||
| Q1 25 | 4.0% | 6.4% | ||
| Q4 24 | 4.8% | 7.4% | ||
| Q3 24 | 3.9% | 7.9% | ||
| Q2 24 | 4.3% | 7.0% |
现金转化率MMMPSTG
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | 2.12× | ||
| Q3 25 | 2.11× | 4.50× | ||
| Q2 25 | -1.32× | — | ||
| Q1 25 | -0.07× | 4.91× | ||
| Q4 24 | 2.50× | 1.52× | ||
| Q3 24 | -1.30× | 6.35× | ||
| Q2 24 | 0.89× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MMM
| Safety and Industrial business segment | $2.9B | 49% |
| Transportation and Electronics business segment | $1.8B | 31% |
| Consumer business segment | $1.1B | 19% |
| Corporate | $121.0M | 2% |
PSTG
| US | $683.2M | 71% |
| Non Us | $281.3M | 29% |
